Tweed Marijuana is offering to buy Bedrocan Cannabis Corp. in a friendly deal that would combine the two companies into what they say would be Canada’s largest licensed pot producer.
Bedrocan’s shareholders will receive a total of 33.9 million common shares of Tweed, worth about $61 million as of the close of business on Tuesday.
They say the deal will combine Tweed’s consumer-oriented business and Bedrocan’s base in the clinical and research communities.
Together they will have the capacity to sell 6,000 kilograms of marijuana per year across a variety of product lines.
Full content: Financial Post
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